Top VA lender names new SVP

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The FHA 203k loan program provides home buyers the opportunity to buy and fix up a property, without exhausting their personal savings.

NewDay USA, one of the nation’s top ten VA lenders, has hired Garrison Foster as senior vice president to lead its purchase home loan division.

Foster has worked in financial services for nearly 20 years, previously building the purchase business at Veterans United and Bridgeview Bank. His efforts have helped more than 250,000 veterans obtain loans for new home purchases.

A Marine Corps veteran, Foster has worked to raise awareness of VA benefits with an emphasis on home ownership, financial literacy and protection from disreputable lenders. He founded the Veterans Association for Homeownership, VAhome.org, a non-profit organization that helps people better understand and receive their VA benefits. He has also spoken before Congress in support of simplified access to VA benefits.

In 2016, Foster helped champion the effort to add veterans to Home Mortgage Disclosure Act reporting, creating more transparency in VA lending transactions.

“Garrison will be a real partner in building NewDay into the number-one VA mortgage banking company in the nation to assist veterans in taking advantage of their valuable VA benefits to purchase a home. It is an honor to have a Marine combat veteran leading this effort,” said Rob Posner, CEO of NewDay USA.